Baba Food Processing IPO

Baba Food Processing IPO will open for subscription from 03 November 2023. The company aims for an issue size of ₹33 Cr through this IPO.

Company Overview

Full nameBaba Food Processing Limited
SectorFast Moving Consumer Goods
IndustryConsumer food
Company Website

About Company

Baba Food Processing is primarily engaged in the business of manufacturing fiber Whole Wheat Atta (Wheat Flour), Refined Flour (Maida), Tandoori Atta, and Semolina flour (Sooji). The company’s state-of-the-art manufacturing unit is situated in Ranchi and houses two divisions namely, high-fiber whole wheat atta division and refined flour division.

Its manufacturing unit is equipped with highly automated Buhler’s Swiss Technology Pesa Mill with an installed capacity of 200 Tons per day. Baba Food Processing also markets and sells Chickpea Flour (Besan) and Roasted Gram Flour (Sattu) under the brand ‘Panchakanya’, however, it procures these products from third-party manufacturers.

Baba Food Processing has established its presence in Jharkhand, Odisha, and West Bengal for marketing and sells the products directly to wholesalers and large retailers. During the three months ended 30 June 2023, revenue earned from local retailers accounted for 38.04% of the total revenue earned by the company.

The Objectives of the Issue

  • Investment in our wholly owned Subsidiary, Panchakanya Foods Private Limited (“PFPL”) for setting up a manufacturing unit in Patna, Bihar, comprising an ultra-modern highly automated roller flour mill and chakki whole wheat atta mill (hereinafter referred as the “Project”);
  • Funding purchase of machinery for manufacturing Chickpea Flour (Besan) and Roasted Gram Flour (Sattu) in our existing manufacturing unit in Ranchi;
  • Funding working capital requirements of the Company;
  • Prepayment or repayment of all or a portion of certain outstanding unsecured borrowings availed by the Company; and
  • General Corporate Purposes.

Baba Food Processing IPO Timetable

IPO Opening date03 November 2023
IPO Closing07 November 2023
Basis of Allotment10 November 2023
Initiation Refund13 November 2023
Credit to Demat Account15 November 2023
Listing Date16 November 2023
(Cut-off time for UPI mandate confirmation – 5 PM on November 7, 2023)

Baba Food Processing IPO details

Issue typeBook Built Issue IPO
IPO issue size₹33 Cr – 4,342,105 shares
Fresh Issue₹33 Cr – 4,342,105 shares
Offer for saleNil
Face value₹10 per share
Price Band ₹72 to ₹76 per share
Lot size1600 Shares
Market Maker portion217,600 shares
Shareholding pre-issue12,000,003
Shareholding post-issue16,342,108
Listing ExchangeNSE SME

Baba Food Processing IPO Lot Size

Retail (Min)11600₹121,600
Retail (Max)11600₹121,600
HNI (Min)23,200₹243,200

Baba Food Processing IPO Reservation Details

QIB Shares Offered2%
NII (HNI) Shares Offered29%
Retail Shares Offered69%

Baba Food Processing Financial Performance

 FY 2021FY 2022FY 2023Q1 FY 2024
Net income1.982.015.031.92
(Amount in ₹ Crores)

Baba Food Processing Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio17.14 – 18.10
RONW (%)12.0210.0820.14
EBITDA (%)5.315.475.84
ROCE (%)10.468.4115.81

Company Promoters

  • Yogesh Kumar Sahu

Promoter Holding

Pre Issue Share Holding99.99%
Post Issue Share Holding

Baba Food Processing IPO Lead Manager(s)

19 R N Mukherjee Road, Main Building,
2nd Floor, Kolkata- 700 001, West Bengal
Tel No: +91 33 46000607

Baba Food Processing Registrar

T-34, 2nd Floor, Okhla Industrial Area,
Phase – II, New Delhi -110 020, Delhi, India
Phone: +91 112 638 7281/83, 4132 0335

Baba Food Processing Contact Details

6th Floor, Home Decor Building, Opposite Durga Mandir,
Ratu Road, Ranchi G.P.O., Ranchi – 834 001, Jharkhand
Phone: +91 915 519 2834

Baba Food Processing IPO Allotment Status

Baba Food Processing IPO allotment status will be available on Mas Services’ website. Click on Mas Services IPO weblink to get allotment status.

Final thoughts

Baba Food Processing IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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